The feds are reportedly investigating Facebook after the Cambridge Analytica scandal
Business Insider
Published Mar 20, 2018 09:35AM ET
Updated Mar 20, 2018 10:38AM ET
- The Federal Trade Commission is investigating Facebook (NASDAQ:FB)'s handling of personal data, Bloomberg reported Tuesday morning.
- The investigation will examine whether Facebook violated a 2011 agreement with the FTC that focused on how Facebook handles user data and notifies users to changes in its policies.
- The FTC is also investigating any access granted by Facebook to the data analytics firm Cambridge Analytica, which has ties to Donald Trump's 2016 presidential campaign.
- This is the latest development in a scandal that has ballooned since The New York Times and The Guardian reported over the weekend that Cambridge Analytica had in its possession user data from 50 million Facebook accounts.
The Federal Trade Commission is investigating Facebook's use of people's personal data, is planning to leave the company in August as it grapples with a storm of controversies relating to Facebook's role in spreading misinformation during the election.
Facebook stock was down Tuesday morning following Bloomberg's report of the FTC investigation.
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Written By: Business Insider
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